RSS feed source: US Energy Information Administration

In-brief analysis

September 3, 2025

Data source: U.S. Energy Information Administration analysis based on International Energy Agency, Global Trade Tracker, and Vortexa
Note: LNG=liquefied natural gas. figure data

Since Russia’s full-scale invasion of Ukraine in February 2022, both Russia’s natural gas and coal exports have declined when compared with 2021. Russian exports to Europe have decreased most notably due to a mix of European sanctions and other policies aimed at reducing reliance on Russian energy. Russia has partially offset the decrease in natural gas and coal exports to European markets by increasing exports to Asia. However, pipeline and rail infrastructure to deliver natural gas and coal into Asia is less than the infrastructure capacity available for delivery into Europe, limiting the natural gas and coal exports that can be redirected without significant new infrastructure investments. For comparison,

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RSS feed source: US Energy Information Administration

In-brief analysis

September 2, 2025

Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by 1.9 million barrels per day (b/d), 93% of which was produced from just 10 counties in Texas and New Mexico. Production from the rest of the United States, including producing areas in offshore state or federal waters, grew by just 130,000 b/d.

The 10 counties are all within the Permian Basin, a large geologic feature underlying 66 counties in New Mexico and Texas. Two of these counties, Lea and Eddy in New Mexico, accounted for nearly 1.0 million b/d of U.S. production growth (52%) between 2020 and 2024. Martin and Midland in Texas accounted for an additional 0.40 million b/d (21%). Six additional counties in Texas—Andrews, Glasscock, Howard, Loving, Reagan, and Ward—together grew by 0.36

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RSS feed source: US Energy Information Administration

In-brief analysis

August 28, 2025

On August 25, 2025, the Monday before Labor Day weekend, the retail price of regular gasoline averaged $3.15 per gallon (gal) across the United States, 5% (or 17 cents/gal) lower than at the same time last year.

The cost of crude oil typically accounts for a little more than half of the retail gasoline price. Falling crude oil prices, driven by increasing global crude oil supply, have contributed to lower retail gasoline prices heading into this Labor Day. From August 1 to August 25, Brent crude oil prices averaged $67 per barrel, about 15% less than in August 2024.

We forecast gasoline prices will decline 11%, or about 35 cents/gal, from August to December. The forecast decline is driven by our expectation that crude oil prices will fall, caused by continued

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